Pension a promise, not a commodity says O’Brien
O’Brien told an NAPF conference yesterday that new uninsured structures in the defined benefit sector were a ‘welcome addition to the rich tapestry of the pensions market’. But he also stressed that...
Pensions
“No RDR opportunities for corporate intermediaries” – Fisher
The Retail Distribution Review will not open up fresh opportunities to corporate intermediaries to deliver pared down advice to employees, says Andrew Fisher, chief executive of Towry Law.Speaking at the Centaur Conferences...
Gulf of expectation between trustees and employers on wind-up says Aon
Four out of five trustees predict that their defined benefit pension schemes will still exist in ten years, despite half of employers predicting scheme wind-up within the next decade, says Aon Consulting....
UK companies “failing to document reward strategies”
Most UK companies are wasting money by not having a documented reward strategy in place, according to research from Thomsons Online Benefits. Less than one in three companies (29 per cent) have...
Dual Standards
People either seem to love or hate the idea of a higherAnnual Management Charge (AMC) on paid-up policies. To its supporters it’s the ‘Active Member Discount’ while itsdetractors view it as the...
Charges not the only barrier to the success of personal accounts
Most industry experts believe this is unrealistic given the target market and expected profile of contributions. A 0.3% charge is only achievable through heavy government subsidy. This would be unfair to both...
Business protection – the salient issues
Commentators have drawn a connection between these two events and as a protagonist for business protection I am unlikely to disagree. The share price of nearly £13 just before his death gave...
Defined benefits in retreat but lets keep targeted pensions
DB schemes were and remain popular amongst workers. And why not, few would argue against a predictable income at retirement, based on company service and earnings close to retirement. The decline in...
Axa nears completion of SBJ Group acquisition
The deal, which is for an undisclosed sum, continues the French insurer's foray into financial services distribution. It purchased IFA business Thinc in 2006 and added PIFC Consulting to its portfolio of...
AMII to vote in new chairman at next AGM
Mike Izzard is expected to be confirmed as chairman at the meeting, promising to promote the interests of the medical insurance adviser community in government and elsewhere.Izzard, who is managing director of...
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Steven Cameron retires from Aegon: ‘I was enjoying things too much to call a halt’
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DC pension assets to overtake DB by 2030
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Aegon Mylo app drives strong member engagement ahead of July rollout
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Aviva to offer targeted support on pensions following FCA approval
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Former pensions minister claims VFM has ‘zero chance’ of impacting industry
